Civic Intelligence

Florida Polytechnic University Foundation Inc.

990 • Fiscal year 2016 • EIN 46-1426289

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 26, 2016

4700 Research WayLakeland, FL 33805

(863) 874-8416

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.55x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

1.02x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

81st percentile

21%

Higher net margin than 81% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

93rd percentile

48%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

35%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,771,292

Up $2,515,627 (+48%) from 2015

Net Assets

Up

$3,487,116

Up $1,210,506 (+53%) from 2015

Liabilities

Up

$4,284,176

Up $1,305,121 (+44%) from 2015

Revenue

Up

$4,197,952

Up $1,093,945 (+35%) from 2015

Expenses

Up

$3,326,611

Up $27,754 (+0.8%) from 2015

Net Income

Up

$871,341

Up $1,066,191 (+547%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2013: $5,281,817Liabilities 2013: $7,604Net Assets 2013: $5,274,2132013Assets 2014: $7,117,652Liabilities 2014: $4,638,340Net Assets 2014: $2,479,3122014Assets 2015: $5,255,665Liabilities 2015: $2,979,055Net Assets 2015: $2,276,6102015Assets 2016: $7,771,292Liabilities 2016: $4,284,176Net Assets 2016: $3,487,1162016Assets 2017: $8,107,054Liabilities 2017: $8,859,115Net Assets 2017: -$752,0612017Assets 2018: $7,091,332Liabilities 2018: $8,119,479Net Assets 2018: -$1,028,1472018Assets 2019: $6,869,877Liabilities 2019: $2,783,589Net Assets 2019: $4,086,2882019Assets 2020: $6,935,899Liabilities 2020: $3,105,631Net Assets 2020: $3,830,2682020Assets 2021: $8,498,685Liabilities 2021: $2,777,616Net Assets 2021: $5,721,0692021Assets 2022: $9,127,094Liabilities 2022: $2,782,144Net Assets 2022: $6,344,9502022Assets 2023: $13,652,470Liabilities 2023: $2,289,258Net Assets 2023: $11,363,2122023

Highlighted filing

2016

Assets$7,771,292
Liabilities$4,284,176
Net Assets$3,487,116

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2013: $5,274,213Expenses 2013: $0Net Income 2013: $5,274,2132013Revenue 2014: $1,762,324Expenses 2014: $4,557,225Net Income 2014: -$2,794,9012014Revenue 2015: $3,104,007Expenses 2015: $3,298,857Net Income 2015: -$194,8502015Revenue 2016: $4,197,952Expenses 2016: $3,326,611Net Income 2016: $871,3412016Revenue 2017: $1,146,276Expenses 2017: $5,444,677Net Income 2017: -$4,298,4012017Revenue 2018: $1,671,478Expenses 2018: $2,051,526Net Income 2018: -$380,0482018Revenue 2019: $841,356Expenses 2019: $1,131,151Net Income 2019: -$289,7952019Revenue 2020: $775,918Expenses 2020: $1,010,137Net Income 2020: -$234,2192020Revenue 2021: $2,248,809Expenses 2021: $1,041,082Net Income 2021: $1,207,7272021Revenue 2022: $3,454,708Expenses 2022: $1,295,679Net Income 2022: $2,159,0292022Revenue 2023: $6,503,828Expenses 2023: $1,403,994Net Income 2023: $5,099,8342023

Highlighted filing

2016

Revenue$4,197,952
Expenses$3,326,611
Net Income$871,341
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 26, 2016
Return Version
2015v2.1
Gross Receipts
$4,428,408
Mission and Program Overview

Mission

Established to help sustain the mission of florida polytechnic university to educate students emphasizing science, technology, engineering and mathematics (stem) in an innovative, technology-rich, and interdisciplinary learning environment.

Established to help sustain the mission of florida polytechnic university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,639,008$4,720,713▲ $81,705
Pledges and Grants Receivable$616,657$2,619,494▲ $2,002,837
Cash and Non-Interest-Bearing Accounts-$431,085-
Total Assets$5,255,665$7,771,292▲ $2,515,627
Liabilities
Deferred Revenue$2,750,000$2,750,000→ $0
Unsecured Notes Loans Payable-$1,300,000-
Other Liabilities$210,534$233,374▲ $22,840
Accounts Payable and Accrued Expenses$18,521$802▼ $17,719
Total Liabilities$2,979,055$4,284,176▲ $1,305,121
Net Assets / Fund Balance
Unrestricted Net Assets$784,555$1,696,294▲ $911,739
Temporarily Rstr Net Assets$1,300,424$1,115,986▼ $184,438
Permanently Rstr Net Assets$191,631$674,836▲ $483,205
Total Net Assets Fund Balance$2,276,610$3,487,116▲ $1,210,506
Total Liabilities and Net Assets / Fund Balance$5,255,665$7,771,292▲ $2,515,627
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steve Warner PhdDirector$123,406$123,406

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,289,043
Program Service Revenue
$0
Investment Income
$71,610
Other Revenue
$-162,701
All Other Contributions
$3,640,570
Change in Net Assets
$871,341

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,116,341
Revenue Not Reported on Financial Statements
$81,611
Revenue Not Reported on Form 990
$318,306
Other Revenue Adjustments
$81,611
Total Revenue per Audited Statements
$4,434,647
Total Revenue per Form 990
$4,197,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,969,339
Other Expenses$357,272
Total Fundraising Expense$23,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,969,339--$2,969,339
Fees for Services Lobbying$297,946--$297,946
Fees for Services Accounting-$29,875-$29,875
Conferences and Meetings--$14,368$14,368
Office Expenses-$2,821$4,403$7,224
Insurance--$2,434$2,434
Advertising--$1,924$1,924
Travel-$1,824-$1,824
Fees for Services Other$1,377--$1,377
Other Expenses$300--$300
Total Functional Expenses$3,268,962$34,520$23,129$3,326,611

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,624,141
Expenses per Audited Statements$3,326,611
Total Expenses per Form 990$3,326,611
Expenses Not Reported on Form 990$297,530
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Florida Polytechnic UniversityLakeland, FLState of FloridaStudent Scholarships and University Salaries$2,969,339
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$230,456
Fundraising Gross Income$67,755
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pivot 2015$651,205$56,400$20,701$35,699
Wise 2016$65,023$11,355$5,632$5,723
Total Events$716,228$67,755$230,456$-162,701
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Florida Polytechnic University$233,374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A complete copy of the 990 is provided to every member of the board of directors for review prior to being filed with the irs.

Form 990, Part VI, Section B, Line 12C

In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest and all material facts to the directors and members of committees with board-delegated powers considering the proposed transactions or arrangement. The remaining board or committee members shall decide whether a conflict of interest exists. An interested person may make a presentation at the board or committee meeting, but after such presentation, he or she shall be invited and allowed (but not required) to leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The chair of the board or the committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the foundation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors or members in attendance whether to enter into the transaction despite the conflict of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its government documents, conflict of interest policy, and financial statements available upon request

Filing and Contact Details

Filer

Filer Name
Florida Polytechnic University
EIN
46-1426289
Phone
8638748416
Address
4700 RESEARCH WAY, LAKELAND, FL 33805

Signing Officer

Name
Lindsay Zimmerman
Title
Foundation Treasurer
Phone
8638748416
Signed
2016-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Aspegren
Formed
2012
Legal Domicile
Fl
Voting Board Members
16
Independent Board Members
15
Employees
0
Volunteers
96

Preparer

Firm
Cliftonlarsonallen Llp
Address
402 SOUTH KENTUCKY AVENUE SUITE 600, LAKELAND, FL 33801
Preparer
Michael Carter
Phone
8636805600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Write off of uncollectible pledges -81,611. Reversal of prior year accrued expenses 20,776.

Financial Statement Notes

PART X, LINE 2:

The foundation adopted the income tax standard for uncertain tax positions on january 1, 2009. As a result of the implementation, the foundation determined there were no uncertain tax position for which either recognition or disclosure is required in the financial statements

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising event expenses 230,456.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Write off of uncollectible pledges 81,611.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising event expenses 230,456. Reversal of prior year accrued expenses -20,776.

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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ESTABLISHED TO HELP SUSTAIN THE MISSION OF FLORIDA POLYTECHNIC UNIVERSITY TO EDUCATE STUDENTS EMPHASIZING SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) IN AN INNOVATIVE, TECHNOLOGY-RICH, AND INTERDISCIPLINARY LEARNING ENVIRONMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02276610
IRS990/NetAssetsOrFundBalancesEOYAmt03487116
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-162701
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-162701
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt04403
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02821
IRS990/OfficeExpensesGrp/TotalAmt07224
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-60835
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ProgramServicesAmt0300
IRS990/OtherExpensesGrp/TotalAmt0300
IRS990/OtherLiabilitiesGrp/BOYAmt0210534
IRS990/OtherLiabilitiesGrp/EOYAmt0233374
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0191631
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0674836
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0616657
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02619494
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN ASPEGREN
IRS990/PriorPeriodAdjustmentsAmt0400000
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03030406
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03010485
IRS990/PYInvestmentIncomeAmt0114768
IRS990/PYOtherExpensesAmt0288372
IRS990/PYOtherRevenueAmt0-41167
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-194850
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03298857
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03104007
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0871341
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING INCOME - 2014 AMOUNT: $ 44,200. 2015 AMOUNT: $ 67,755.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04289043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03030406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07028691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014348140
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt071610
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0114768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07846
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0194224
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt067755
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt044200
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0111955
IRS990ScheduleA/PublicSupportTotal170Amt012134087
IRS990ScheduleA/SubstantialContributorsTotAmt02214053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04289043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03030406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07028691
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014348140
IRS990ScheduleA/TotalSupportAmt014654319
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/NotDescribedSection501c3Ind01
IRS990ScheduleC/OtherActivitiesAmt0297946
IRS990ScheduleC/OtherActivitiesInd01
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0PAYMENT TO LOBBYIST FOR REPRESENTATION WITH LEGISLATORS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt0297946
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt087850
IRS990ScheduleD/DonatedServicesUseFcltsAmt087850
IRS990ScheduleD/ExpensesNotReportedAmt0297530
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03326611
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0209680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0233374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FLORIDA POLYTECHNIC UNIVERSITY
IRS990ScheduleD/OtherRevenueAmt0230456
IRS990ScheduleD/OtherRevenuesNotIncludedAmt081611
IRS990ScheduleD/RevenueNotReportedAmt0318306
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt081611
IRS990ScheduleD/RevenueSubtotalAmt04116341
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION, THE FOUNDATION DETERMINED THERE WERE NO UNCERTAIN TAX POSITION FOR WHICH EITHER RECOGNITION OR DISCLOSURE IS REQUIRED IN THE FINANCIAL STATEMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EVENT EXPENSES 230,456.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2WRITE OFF OF UNCOLLECTIBLE PLEDGES 81,611.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING EVENT EXPENSES 230,456. REVERSAL OF PRIOR YEAR ACCRUED EXPENSES -20,776.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt03326611
IRS990ScheduleD/TotalLiabilityAmt0233374
IRS990ScheduleD/TotalRevenuePerForm990Amt04197952
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04434647
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03624141
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0648473
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0594805
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt053668
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0230456
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0126810
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt014440
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0141250
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PIVOT 2015
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WISE 2016
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt057341
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt05532
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt062873
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0651205
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt065023
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0716228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt056400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011355
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt067755
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-162701
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026333
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020701
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05632
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt02969339
IRS990ScheduleI/RecipientTable/IRCSectionDesc0STATE OF FLORIDA
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0STUDENT SCHOLARSHIPS AND UNIVERSITY SALARIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FLORIDA POLYTECHNIC UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0460764837
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04700 RESEARCH WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033805
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE 990 IS PROVIDED TO EVERY MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTIONS OR ARRANGEMENT. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE WHETHER A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL BE INVITED AND ALLOWED (BUT NOT REQUIRED) TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIR OF THE BOARD OR THE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR MEMBERS IN ATTENDANCE WHETHER TO ENTER INTO THE TRANSACTION DESPITE THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNMENT DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WRITE OFF OF UNCOLLECTIBLE PLEDGES -81,611. REVERSAL OF PRIOR YEAR ACCRUED EXPENSES 20,776.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:

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